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Western Asset Investment Grade Defined Opportunity Trust Inc. - IGI STOCK NEWS

Welcome to our dedicated news page for Western Asset Investment Grade Defined Opportunity Trust (Ticker: IGI), a resource for investors and traders seeking the latest updates and insights on Western Asset Investment Grade Defined Opportunity Trust.

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Rhea-AI Summary

Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) reported its financial position as of February 29, 2024. The Total Net Assets reached $188,642,691, with NAV Per Share of Common Stock at $17.39. The Market Price Per Share was $17.06, indicating a slight premium. The Fund also disclosed Total Net Investment Income of $2,271,249 and Total Net Realized/Unrealized Gain of $3,462,903. Earnings per Common Share Outstanding showed growth in various categories. Undistributed Net Investment Income was reported at $(518,605). The Fund's financial data is unaudited, and it files reports with the SEC regularly.

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Rhea-AI Summary
Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) announced the results of its annual meeting of stockholders, electing new directors and ratifying the selection of independent registered public accountants. The Fund is managed by Franklin Templeton Fund Adviser, and subadvised by Western Asset Management Company,
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Franklin Resources announces changes to the portfolio management team of the Fund effective March 1, 2024, with Michael Buchanan, Daniel Alexander, Ryan Brist, Kurt Halvorson, Blanton Keh, and Molly Schwartz taking over. The press release emphasizes that the data and commentary are for informational purposes only, and Franklin Resources and its affiliates do not sell shares of the Fund.
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Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) and Western Asset Global Corporate Defined Opportunity Fund Inc. (GDO) announced approval by their respective Boards of Directors to allow stockholders to remain invested by converting each Fund into a perpetual fund. The proposal includes a tender offer for 100% of outstanding shares at net asset value, with a $50 million threshold determining the fund's term elimination. If approved, the funds will implement a fee waiver for two years and continue trading on NYSE under current ticker symbols.
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-0.71%
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Western Asset Investment Grade Defined Opportunity Trust Inc. (IGI) announced its financial position as of August 31, 2023. Total Net Assets decreased to $184,724,718 from $186,178,777 in the previous quarter. NAV Per Share of Common Stock decreased to $17.03 from $17.16. Market Price Per Share decreased to $16.18 from $16.33. Premium/(Discount) increased to -4.99% from -4.84%. Total Net Investment Income increased to $2,251,563 from $2,218,081. Total Net Realized/Unrealized Gain/(Loss) decreased to -$1,541,442 from -$898,829. Earnings per Common Share Outstanding increased to $0.21 from $0.20. Undistributed Net Investment Income decreased to -$504,290 from -$591,673.
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Western Asset Investment Grade Defined Opportunity Trust Inc.

NYSE:IGI

IGI Rankings

IGI Stock Data

184.07M
10.84M
37.13%
0.08%
Securities and Commodity Exchanges
Finance and Insurance
Link
United States of America
New York

About IGI

legg mason and franklin templeton are now one firm. on friday, august 14th, this legg mason page will become inactive. please follow the @franklintempleton company page to continue to receive updates and insights: https://www.linkedin.com/company/franklin-templeton